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The Australian superannuation fund will take a 25% stake in King's Cross
AustralianSuper has agreed to take a 25% stake in King's Cross, in its first direct London investment and only its second in the UK.
Subject to the customary European Union clearance, AustralianSuper will join the King's Cross Central Partnership investors which include Argent King's Cross, backed by Hermes Investment Management and Argent, as well as London & Continental Railways and DHL Supply Chain.
"The King Cross development represents a significant opportunity to invest in a world class mixed-use estate," said Jack McGougan, head...